TD Asset Management Inc Reduces Position in Howmet Aerospace Inc. $HWM

TD Asset Management Inc lessened its holdings in shares of Howmet Aerospace Inc. (NYSE:HWM) by 11.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,569,349 shares of the company’s stock after selling 330,877 shares during the quarter. TD Asset Management Inc owned approximately 0.64% of Howmet Aerospace worth $478,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Pinpoint Asset Management Ltd raised its position in shares of Howmet Aerospace by 42.8% during the 1st quarter. Pinpoint Asset Management Ltd now owns 237 shares of the company’s stock valued at $31,000 after purchasing an additional 71 shares during the period. Hemington Wealth Management raised its position in shares of Howmet Aerospace by 46.6% during the 1st quarter. Hemington Wealth Management now owns 255 shares of the company’s stock valued at $33,000 after purchasing an additional 81 shares during the period. Rise Advisors LLC raised its position in shares of Howmet Aerospace by 32.4% during the 1st quarter. Rise Advisors LLC now owns 270 shares of the company’s stock valued at $35,000 after purchasing an additional 66 shares during the period. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Howmet Aerospace by 100.7% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 279 shares of the company’s stock valued at $36,000 after purchasing an additional 140 shares during the period. Finally, Wayfinding Financial LLC bought a new stake in shares of Howmet Aerospace during the 1st quarter valued at $37,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on HWM shares. Royal Bank Of Canada restated an “outperform” rating on shares of Howmet Aerospace in a research report on Monday, June 30th. Zacks Research downgraded shares of Howmet Aerospace from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 26th. Weiss Ratings restated a “buy (b)” rating on shares of Howmet Aerospace in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of Howmet Aerospace from $150.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Finally, Vertical Research reiterated a “buy” rating on shares of Howmet Aerospace in a report on Thursday, July 31st. Fourteen investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.21.

Howmet Aerospace Stock Performance

Shares of NYSE:HWM opened at $190.04 on Tuesday. Howmet Aerospace Inc. has a 52 week low of $98.83 and a 52 week high of $198.48. The company has a quick ratio of 1.08, a current ratio of 2.31 and a debt-to-equity ratio of 0.65. The firm has a fifty day simple moving average of $182.75 and a two-hundred day simple moving average of $168.55. The stock has a market capitalization of $76.61 billion, a P/E ratio of 55.57, a PEG ratio of 2.39 and a beta of 1.45.

Howmet Aerospace (NYSE:HWM) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. Howmet Aerospace had a net margin of 18.09% and a return on equity of 28.17%. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the previous year, the company earned $0.67 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. Howmet Aerospace has set its Q3 2025 guidance at 0.890-0.910 EPS. FY 2025 guidance at 3.560-3.640 EPS. On average, analysts expect that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Friday, November 7th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Friday, November 7th. Howmet Aerospace’s payout ratio is 14.04%.

About Howmet Aerospace

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.